NFTslangs.com

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ICO

What does ICO means?

A short form of “initial coin offering.” It’s an early fundraising process for a crypto project, where a project development team sells its tokens to early adopters before the public launch.

Random Slangs

Migration

Migration is the process of moving from one blockchain to another. However, the migrating blockchain native tokens (including NFTs) also move with it during migration.

Miner

An individual who participates in crypto mining. Miners use high-performant GPUs, as the process requires high computing power as more miners join the mining process.

Governance tokens

These are specialized tokens created by developers to oversee the outcome of a decentralized protocol. It defines token ownership. People that hold governance tokens have

GM / GN

These abbreviations simply mean “Good Morning” and “Good Night,” respectively. They’re common ways NFT communities salute each other. And you’ve probably seen NFT folks use

BTD / BTFD

Acronyms for “buy the dip” and “but the fxxxking dip,” respectively. These terms are used interchangeably in crypto to tell people to buy a cryptocurrency

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